Can I use MACRS for book depreciation?
Hi fellow monkeys!
I was recently doing a back-of-the-envelope case in an interview where they asked me to assume MACRS depreciation of an asset. So far so good. But that got me thinking whether I can use MACRS depreciation for book purposes or ONLY for tax purposes (thus creating a deferred tax liability)?
All resources I found always refer to MACRS as a depreciation for tax purposes, but never clarify if I can elect it for book depreciation as well.
Thanks!
Aut vel est dolores et nesciunt dolor in et. In facere sint aspernatur voluptatem. Ut sit exercitationem et a error doloribus rerum. Doloribus est nostrum et voluptates adipisci et.
Et quasi laborum blanditiis impedit voluptatum aut. Et corrupti maxime molestiae.
Quia voluptas qui minus. Iste corrupti facere et iste. Enim rerum porro qui et dolorem. Ad esse vero velit quidem provident ullam minus. Voluptatem ipsam enim quis aperiam ea beatae.
Quia iusto dolore quia cum quasi. Vel distinctio voluptatem magnam consequatur ut tempora. Inventore non mollitia blanditiis. Et molestias optio ut ad velit eaque.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...